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20121201
20121231
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CNBC 15
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Search Results 0 to 30 of about 31 (some duplicates have been removed)
CNBC
Dec 3, 2012 9:00am EST
and a hat for 38 bucks. >> add a cup of coffee and a hot dog. >> while we use the word trousers, bob pisani is here watching what's good morning, bob. >> happy monday, everybody. did you notice the market. nice rally here. again, the market is demonstrated that it believes a deal on the fiscal cliff is coming. i know. i didn't hear it over the weekend. headline risk was all anybody wanted to talk about on friday. if anybody says that a deal is not happening or it's going nowhere, we could wake up down 15 points on the s&p on monday. guess what? boehner said the deal is going nowhere. now, when i call the bulls on this, they say, bob, they didn't say a deal was off. they just said so far the negotiations are going nowhere. the market still believes that a deal is coming and it's going to be a substantive deal. instead and by the way, geithner insisted on tax rates issues. looks like there may be something happening eventually. we didn't fall apart on the whole thing. even futures weren't down overnight. instead we rally on a little bit overnight on the greek deal and for those that don't kno
FOX Business
Dec 13, 2012 5:00pm EST
is bob dean from the national resources defense council. one of the groups behind that particular study. bob, thank you. welcome to the show. >> thank you, sandra. good to be here. sandra: so let me get this straight. you're blaming the warm winters, lack of snow on climate change? >> absolutely. you mentioned sandra, we're on track as of end of the november we had the hottest year on record in this country. 3.3 degrees hotter than the 20th century average. it hurt our farmers and ranchers, devastated worst drought in 50 years. fires detroit nine million acres of forest and fields. we'll seeing it on the ski slopes. climate change for the slopes means less snow on the ground, feuder skiers on the slopes. if you make your living in the business, less money in the wallet and paycheck. sandra: one might question that reasoning behind this and say a billion dollar loss for the industry over the past decade. your study says 27,000 jobs have been lost. i might remind you hey, we've been in a brutal recession. we're slow coming out of it. it might be the weak economy driving a lot of tourists
CNBC
Dec 21, 2012 3:00pm EST
a deal. it's all coming up. stay tuned. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> welcome back. intercontinental exchange and nyse are lower today at news of their $8 million merger. >> you get it, cold as ice? >> bob gets it. >> we never hesitate to play an old rock song from the '70s. i.c.e. is down 2.7%. i'll tell you why this is important. because you get a multiple of ice for your nyse shares, .17 shares of i.c.e., plus a tax component. as i.c.e. goes down, the money the nyse shareholders will get goes down. i.c.e. does not pay a dividend, but the nyse does. i.c.e. did commit to paying a dividend yesterday, $3 must know million is what they committed. that's v
CNBC
Dec 10, 2012 4:00am EST
with you later in the program. >>> for now, we're joined by bob parker on set, senior adviser at credit suisse. bob, welcome. >> thank you. >> what do you make of this? is there any way that this is a positive in terms of perhaps opening the door towards mon at the monte serving in some sort of government? >>. >> i am assuming we're going to have a election probably in the second half of january. we're talking about a position of somewhere between 12 and 17% of the vote. so subsequently, i think fears that berlusconi may come back seem to be misplaced. i think if everyone looks at the last year and a half of what the monte government has achieved in italy, you have to be impressed. we have a strong budget climate surplus. the overall budget has come in dramatically. we've had well fare reform, pension reform. there's further work to be done on the competitiveness of italy. >> i can't tell you how much investors have been talking bullishly about italy. we know it's the eurozone's third biggest economy. obviously what happens in italy is important. they've been saying if anything the prob
CSPAN
Dec 12, 2012 5:00pm EST
. representative howard berman elected in 1982 and served 30 years from the 28th district. representative bob filner sworn in this month as mayor of san diego and served for 20 years. representative laura richardson served for five years from the 37th district. representative pete stark, outgoing dean of our delegation was elected in 1972 and served more than 40 wreers from the 13th district. representative lynn woolsey served for 20 years from the 6th congressional district. much kk said about the distinguished careers of our departing colleagues, but i would like to offer a few remarks of the work i have joined them during their time here in the congress. representative howard berman has served the house for 30 years and i was honored to name him among my closest friends in this body. during his service, he worked on a wide of variety of issues and known as a champion of human rights and standing up for middle class, working class and for the poor in our country. as chair of the foreign affairs committee from 2007 to 2008, mr. berman made great progress on behalf of the less fortunate. he w
CNBC
Dec 6, 2012 9:00am EST
bob moffett t chairman of both companies, mmr, owns a stake in pxp, board seats. it's related. >> and yet, ackerson, did we get hold of him? he's always been very pro shareholder. this is the most anti-shareholder. unless you're a very large shareholder. >> isn't he cynical? >> these guys are different, moffett and our man in chesapeake. >> thank you. they approach the world a little different. >> is it different from you? you're fitzgerald. >> i don't want to say cavalier, but they like to take risks, that's how they built their fortune in the first police, they all take risks. >> i thought if you bought freeport, you were trying to play the grassberg, big copper, the china thing, i didn't know i was getting involved in a high stakes poker match. >> yes. which is why you're selling. >> let's get to bob pisani who's on the floor watch what's moving. >> moffett wants the cash flow from freeport who helped finance the drilling for mcmoran drilling. why did they have to spend 70% premium to buy these things? if i wanted to buy them, i could have bought them a lot cheaper, i wante
CNBC
Dec 19, 2012 9:00am EST
, bob, it's a fantasy. all of this goldilocks stuff is a fantasy. you cannot get strong growth with rising taxes and lower spending. that's not going to happen. you cannot have unlimited stimulus that is not going to cause inflation. that's just a fantasy. so there's a real fight going on. none the less, have you noticed, gold being sold, buying the euro, it seems a weird trade going on here affecting the markets. this was going on yesterday as well. this may have to do with the yen. the yen is hitting new lows against the dollar. it's hitting new lows against the euro. have you seen what's going on with the japanese elections? the new prime minister told the bank of japan we want more stimulus. guess who's meeting thursday? the bank of japan. japan's exports fall for the sixth straight month. you are going to see the bank of japan on thursday announce new stimulus measures. you're going to see efforts to weaken the yen. it's going to get even weaker. that is the old yen carry trade. that may be where some of this money is coming from to do the odd little trades that seem to be
MSNBC
Dec 23, 2012 9:00am PST
. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the evening meal. and with no dietary restrictions, bob can eat the healthy foods he likes. do not stop taking xarelto® rivaroxaban without talking to the doctor who prescribes it for you. stopping may increase yo
CNBC
Dec 27, 2012 7:00pm EST
?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with
CNBC
Dec 10, 2012 9:00am EST
interesting conversations over the weekend was bob corker saying, let's just go ahead, concede to the tax argument, which would flip the entire spotlight onto entitlements, which is what republicans have been trying to get the discussion to be about over the last couple of weeks. >> when you hear about entitlements, why aren't they talking directly, you know, medicare part b koshcosts x, or medicare a, should cost this. the last thing a republican wants to do is say, look, i'm cutting back medicare. so, i mean, if you switch it to entitlements, suddenly everyone has to say, social security goes from 66 to 68. is that what we do? do we means test medicare? it is so much easier for grover who will be on cnbc, forget the fiscal cliff, i will come after you with both barrels. if you vote tax increase. what's more -- do they want to rise above a tax increase? no. do they want to rise above fiscal cliff? no. what they want it do is not rise above the radar screen of raising taxes. and grover is more powerful than a recession. i asked him point-blank on "meet the press," college chum, look, it d
CNBC
Dec 11, 2012 6:00am EST
. in 30 minutes, senator bob corker and kent conrad. and at 9:00 eastern, representative scott garrett and sander levin. remember "squawk on the street." >> that's right. "squawk on the street" we have a lot to come, as well. the two senators we're talking with next, two members of the gang of eight now. we'll talk to them. guys we'll send it back to you right now. >> great. thanks, guys. appreciate that. we are now, though, going to flip it over to phil lebeau who is in new york and he's got breaking news. >> as expected we knew that delta was in negotiations to buy 49% stake in virgin atlantic. the deal has been completed. the price is $360 million for that delta will increase its access to heathrow. that's really the key here. 31 daily nonstop flights. that's all part of what goes between the uk and north america for virgin atlantic. the brand remains, guys. make that clear here. the virgin atlantic brand does not go away. what changes is that delta has a 49% stake in the company. there's going to be a press conference later this morning here in new york. we're going to be talking w
CNBC
Dec 7, 2012 9:00am EST
toss it to bob. bank of america continues its tear up 1.75% new 52-week high in today's session of 1064. on our radar this morning. let's send it over to bob with more on what's moving. >> happy friday. what a week. futures popped ten points on the jobs report even though october was revised downward rather notably. a good open. materials, techs, financials leading the way. i wish i could be more optimistic on the fiscal cliff. a gloomy commentary this morning. expectations are getting narrow. grand bargains are out and the idea of maybe the fallback position is pass a simple tax bill like the one the senate had. the simple bill here. you have tax cuts for middle class but not for people over 250,000. you have dividends and capital gains going to 23.8%. that's the senate bill. and that's it. you leave out estate tax and leave out payroll tax cut and unemployment extension and you leave that out. no delay in the sequestration. this is pretty thin gruel. this is what's tossed about and talked about today overall. is that enough to satisfy the markets? remember, the two requirements, got t
FOX News
Dec 28, 2012 10:00am PST
member the president said in a debate, the debate, he said that i didn't come up with this. then bob woodward came out and said, yes, you did. you know, both a top aide said that you guys came up with this idea of the white house. look in the mirror, right. >> that's exactly right. a lot of people on wall street and in the media are saying just don't do it, don't go over the cliff. you know, and then that shows a we that we still have a 16 trillion-dollar national debt. so when the world are we going to get serious about what the american people say they want, which is reduction in the debt so that we don't become a country that looks like greece. [talking over each other] gregg: capitol hill and pennsylvania avenue, maybe they just think 16 trillion, 25 trillion, who cares. maybe they don't think it has a depressive effect on economic growth, and soaking up the credit markets, which women's businesses. >> that's exactly right. we don't have to wonder what this will go by. all we have to do is look over the pond and see what's happening in countries like greece and italy and spain an
FOX News
Dec 10, 2012 6:00am PST
we're willing to go book to 39.6%, as bob corker said over the weekend? is it helpful? >> i think it is hopeful for the republicans on the revenue side we're willing to move. i believe in capping deductions. bowles-simpson is bipartisan proposal. "gang of six" senators, three democrats, three republicans. they didn't raise rates. they capped deductions to. raising rates is partisan political trophy for obama. i don't want to go down that road only if they do entitlement reform. i don't hear any democrat of note hering what i would do on the entitlement side. if i were republicans i would be quiet for a while and see what the democrats put on the table for entitlement reform. >> big debate last week republicans saying we will do exactly with you said. we're only going to do cuts in deductions. we'll eliminate loop hoses. -- loopholes. that is what happened over the weekend. seems like over the weekend it dissolved into accepting of raising tax rates. the president said there is no deal unless i get that. that is what i ran on. american people are expecting that. >> here is where th
CNBC
Dec 10, 2012 6:00am EST
, craig cook from the university of cincinnati. i remember those guys. i loved them. bob trumping, chris collinsworth. john harwood, thank you. and i was happening that rg3, no real damage, hopefully. comments, questions on anything you see here on squawk, e-mail us, squawk@cnbc.com. >>> still to come, one of the most cited voices since the fiscal cliff, erskine bowles. he he loves the rise above. first, we're going to head to the futures pits in chicago and see which stories are most likely to drive today's trading. as we head to break, some of santa's friends dawned swimsuits this weekend to take part in the santa claus run in budapest, hungary. they did their best to keep moving in below freezing temperatures. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great yea
CNBC
Dec 5, 2012 9:00am EST
away. we miss him. >> rest in peace. >>> let's check in with bob on that note. hey, bob. >> china. finally something from the leadership. we have been waiting for weeks, months, remember, everyone has been waiting for them to try to find where their desks are and find out where they can live and where they can stay and sit down and get used to the furniture and look around and say what are we going to do with the economy. we've been waiting no comment. we got comment from the party chief who made a speech in beijing and talked about what was going on. he used words like expanding domestic demand. used words like supporting urbanization. this is what everyone wanted to hear. those are buzz words. those are code words for stimulus. that's what the market is reacting to today. 2% move up in china in shanghai and even hong kong stocks. they moved together. this hasn't happened in a long, long time here. the bottom line is we're finally starting to hear from the leadership. they found their offices and things are starting to move and that is certainly very, very good news because now t
CSPAN
Dec 10, 2012 7:00am EST
was senator bob corker. here is what he had to say. [video clip] >> realizing that we do not have a lot of cards when it comes to the tax issue before the end of the year. it will leave the presidency and the senate in the hands of the democrats. many people are putting forward a theory that has merit where you go against the president with a 2% increase on the top 2%. all of a sudden the shift goes back to entitlements. all of a sudden once you give him that tax rate, lesser that what he has been talking about, the focus shifts to entitlements and puts us in a place where we can actually do something to save this nation. i am actually beginning to believe that that is the best route for us to take. host: senator corker, saying that there are more republicans willing to do that. you heard him lay out the strategy there. lots of debate in washington about who should give and how much. we are asking you to weigh in on that conversation and tell us what you are willing to sacrifice. this comes from a piece from a few days ago, from "national journal magazine." it is about americans not wil
CNBC
Dec 31, 2012 9:00am EST
thompson. she's in for bob this morning. >> the dow is down 54 points. now just down about 34. the market is expected to move in tandem with any headlines across from washington. right now, we don't have the deal, not really a problem for the markets. of course, that could change as we head toward the close and the uncertainty builds. quick check of the european boards today. most of them were closed. those who did trade, i should say, were only traded a half day. the session there was mixed. the concerns over there continue to be will the u.s. go over the fiscal cliff. that kept pressure on some of the indices there. we're keeping watch on the bank stocks right now. we've seen a dourn-around in those there. futures popped earlier half an hour before the open. they have opened broadly to the down side in today's session. you guys were talking about it earlier, another positive reading on the pmi out of china. that seems to be lending some support to the material stocks in today's session, as you take a look at the shanghai composite, which is closing at a six-month high, or closed the new
CSPAN
Dec 30, 2012 10:30am EST
responsibility. i can remember bob michael getting up and saying i am proud of voting for this. if you want it to the congressman vote for somebody else. that is a gutsy thing to do. he kept getting reelected. host: john from pennsylvania. caller: thank you for having me. i think the problem is in gdp. we do not produce anything. we do not create any jobs. as far as china is concerned we do not hit that high of a tariff on their imports. i believe it is a lot higher. the whole thing was steve jobs. he treated the apple computer in his garage. when he got successful theme of his company over to china giving chinese people jobs. if steve jobs was born in china he would not even be able to create the apple computer. we just do not do enough for the people of this country. the people who are position to create jobs do not reinvest in the country. i do not think they should get tax breaks. if you want to give these corporate giant tax breaks given to those who want to invest in the country and create jobs. for a lower than the american businessmen. guest: i understand your frustration. part of i
CSPAN
Dec 24, 2012 12:00pm EST
warriors and the chamber of commerce and john kerry and bob dole. it was voted down including five key votes from friends and colleagues of bob dole. it was all over what the senate foreign relations committee -- the hearings indicated the black helicopters were not coming. this was not some crazy requirement on america. we already have the standard. it was that 26 other countries have ratified this. it went down. i am still trying to understand the opposition. >> would you think? >> i think it is fear. it is not based on fact or reality. someone is able to hype this notion we are agreeing to a one world government by ratified this treaty which simply embodies what has been our law for decades. the chamber endorsed it. but there is this year. -- but there is this fear of the government and being required to be accountable for having health insurance, the so-called mandate, even though there is help if you need it. >> the velocity of information through social media, radio, and tv, there is a lot of false information and it gets amplified so rapidly now. it is very hard for the facts to
CNBC
Dec 3, 2012 6:00am EST
, that was you and me and we were driving bob michael and president bush nuts when the democrats were offering them, give us the tax increases now, we'll give you the spending cuts later and we were saying, oh, no, they'll never keep their word on the spending cuts. they'll tax the tax increases. quite frankly, the speaker has a difficult role to play here. he's seen by so many people as the principal guardian of our liberty and of sound economic policy within the context of the majority senate that frankly just think it's good for the country for the government to be bigger. the government is counterproductive to the performance of the rest of the world. >> thank you for coming on. >> i would respectfully suggest that the government is grown too big, promised too much and waited to long to restructure, but it's not too late. and i would also respectfully suggest that both political parties are responsible for that. >> absolutely right. >> we need comprehensive tax reform. and what i'm concerned about is that we're not differentiating between this fiscal cliff, it's the symptom, and the diseas
CSPAN
Dec 28, 2012 2:00pm EST
that as well as the american people. a lot can happen. just as bob said it -- i said in my remarks that the tax issue could get resolved this weekend or it could get resolved at the beginning of next year. it will get resolved. almost all americans will not pay higher taxes next year. but it could happen this weekend. >> the meeting ends today, if there is a proposal put on the table, we're hearing about smaller-scale proposals to get enough republican support in the senate, and not just get 60 votes. do you need an estate tax -- is it ok if it's just different income and unemployment? >> it would be best to let senator mcconnell and others meet with the president today and have them talk about that in private. probably the meeting that happens today is more for optics and probably the substance occurs after that when staff begins to talk. they ought to work on that together, and i think it is best for me not to comment on what should or should not be in it. i want to come back to this -- the 112th congress has scored, litigated, debated every one of the issues that lamar and i are talking abou
CSPAN
Dec 26, 2012 8:00pm EST
hemisphere. i worked with some of my cuban- ileanaan friends, ke ros-lehtinen and bob menendez and we worked hard to put sanctions on castro to try to bring that regime down. it was not until the soviet mig that was shot down, they shot a couple of them down. one of them made it back. that created a huge for error -- furor. bill clinton was put in a difficult position. i was the author in the house and the jesse helms was the author in the senate and we worked together on the bill along with my cuban-american brands. >> that regime is still around. at the time, a number of our allies protested the bill. in the rearview mirror, how effective was it overall? do you feel good about that? >> it shows the repression is so strong in cuba, the ability of fidel castro to reach out to some of his "friends" around the world that he has been able to circumvent sanctions. i think we ought to do everything we can to bring freedom to the people of cuba. the helms-burton law was not as effective as i would have liked. >> another issue out you are associated with is autism. how did that get started? >> my g
CSPAN
Dec 10, 2012 5:00pm EST
morning. >> host: good morning, bob. >> caller: question. this is a topic that nobody wants to talk about. the interest-rate cut the interest that is paid on the national debt. presently most of our debt is under short term, under 1%. and it's manipulated, of course, by the federal reserve and treasury department. so it's going to go from say 250 billion interest payments up to 7%, the next several years. one half trillion dollars in interest annually on the national debt. wondering, how is that going to impact our military industrial complex in the near future when that actually comes to be? >> that clearly -- the ticking time bomb for any part of the federal government and probably because of. [indiscernible] , the state government. we are in a time of unusually low interest rates. it will continue for a time, but when they rise it is going to be a body blow to the national politics and the country because, as your caller was indicating, the jump from 1% to 7% is such a massive increase in taxes that the only thing i can think of is, can you say greece? >> host: what does it mean for th
CSPAN
Dec 26, 2012 7:00am EST
we are heading in the same direction. thank you and have a wonderful new year. host: a tear from bob now in the democrat light. caller: thank you for letting me have a chance to speak. i am more optimistic -- i a more pessimistic than optimistic. i just do not think they will ever get together like they should. my one comment is when they start speaking about the cuts and the entitlements, the always a social security, medicare, medicaid. that is not the only entitlements. every government program that has a retirement benefit, a health-care benefit, those are entitlements, two, up to and including the entitlements for the congressman. let's be fair. when they start talking about entitlements and hold it to those three items, let's hold their feet to the fire and make them talk about entitlements for the other folks, too. host: appreciate you calling this morning. donna writes about this on twitter. if that to facebook here. -- back to you facebook here. budget showdown hits the keep week. that is of the front page reminding us of the deadline looming. it is a bloomberg story here ou
CSPAN
Dec 17, 2012 8:30pm EST
can can. >> yes, bob british medical journal. most has been about the impact on the federal budget and balancing one pocket versus another. what analysis has been done on say on the exchanges on the complicate of the employability of seniors if an employer has to carry these additional costs for an extended period of time? my high hypothesis would be may would make them less employable in some ways, either that or hasten the flight away from employers even providing insurance. on the consumer side how would these increase cost effect access to care and probably qlt of care? >> paul, you want to start? >> sure. on your first question, i have actually not heard anyone or any of the studies suggest extending medicare eligibility age might hasten the point where employers might not have coverage at all. what i was trying to add earlier a majority outside of the industries where retire -- the effect of the age would be that at the margin there will be some employees that would continue in the work force longer because the subsidize they were seeing from the employer for health insurance
CNBC
Dec 13, 2012 6:00am EST
're so worried about -- >> that's because they want to make money. it's like what bob pisani said. this is just what the traders wanted. okay i'm done, you go. >> let me quiz for you for a second. if they were so concerned about this imbalance, which ostensibly is about the inability of the u.s. government to pay its bills, why aren't they selling the very paper they appear to be buying with abandon? >> because they would like to continue to contribute tax revenues to the ever-growing deficit and money. >> need for employee -- >> but agreement to making money are two different things. >> talk to the guys behind you and find out if they so think the u.s. is -- >> -- exchange guys. these are foreign exchange guys. >> get into the other pit there. go take a walk and come back. i don't get it. if they so think we're out of whack why aren't they selling? >> come over here anthony. all right. hold on. i'll translate. give me the question. >> here's the question. >> steve liesman has a question. >> if the u.s. fiscal situation is so out of balance, if the country is so bankrupt, why isn'
CNBC
Dec 14, 2012 9:00am EST
's check with mary thompson, on the floor in for bob pisani today. >> weakness across the board. weakness in the nasdaq, down about 20 points. the dow lost in early trade. a little more modest in the s&p, down 4.25%. traders saying the fiscal cliff headlines will continue to dictate trading. and here there was a little reaction in the futures market ahead of today's opening bell on the data and the better than expected production numbers. overseas, last night we did have some more bad news out of japan with business sentiment there weakening. as melissa was mentioning earlier, positive news on the manufacturing front in china. that's giving a lift, as she pointed out, to a number of mining stocks. while it's also giving a lift to energy, or to oil prices this morning, i should point out, some of the big name oil companies were a little bit lower in early trading, again, those being exxon as well as chevron. the traders said the bid in the market remains strong despite concerns about the fiscal cliff in large part because the investors remain positive going into 2013. this is the markets r
CSPAN
Dec 7, 2012 10:30pm EST
on unemployment insurance that they're no longer employable at all. host: bob receives unemployment insurance. tell us about your situation. caller: i'm a single-earner, and thank god i have made a good living. assuming i could get a job, and nothing against the folks at fast food or nothing like that, but if you were making a minimum amount of money, with my situation, i would be in the street using that job. i could not pay my bills. i am not talking about luxuries. i rent. i would not be able to pay that. thank god unemployment insurance is geared to what you used to make, so that, and by the way, i am in my 60's. it is not easy. without that amount coming in that is based on what i used to make, i would not be able to survive. i would be industry. -- in the street. host: mr. josh bivens, a chance on this one. guest: that points out that unemployment insurance is a form of social insurance. people take lower wages because the employer has to pay tax. they pay into the system while things are going well, and if they hit a rough spot they hit a benefit that somewhat match its previous earnin
CSPAN
Dec 10, 2012 8:00pm EST
than we do of linking appropriations. host: let's hear from bob in minnesota, republican caller. caller: there is a topic that nobody wants to talk about. it is the interest rate. the interest paid on our national debt. currently, most of the debt is under short term, under 1%. it is manipulated by the federal reserve and the treasury department. it is going to go from a historic -- $1.50 trillion in interest annually on the national debt. how is that going to impact the military industrial complex in the near future when that actually comes to be? guest: that clearly is a ticking time bomb for any part of the federal government. we are in a period of unusually low interest rates. when they rise, it is going to be a body blow to the national politics and the country. the jump from 1% to 7% is such a massive increase in taxes that the only thing i can think of is greece. host: what does it mean for the pentagon? guest: greece used to be one of the only three non-u.s. countries in nato that was spending 2% of gdp on national security. they are now below that because they cannot afford it.
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